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Tax Loss - January Effect Portfolio Update

1/6/2015

 
One stock has saved the January Effect portfolio this year. OBCI was around $3.20 when I bought shares and a few days later it rocketed as high as $5.09, for a possible gain of 59%. Of course that was the very top and my trade was probably closer to a 30% gain. The other stocks have all done poorly or nothing at all. I am still holding all the others but will most likely sell at some point in the next two weeks (no matter if they are winners or losers). The market in general has done poorly during this stretch, and I suspect that is the reason for the Non-January Effect so far. I sold off my ESTE small oil trade quickly as it got a bounce off the merger news. I will buy back if it falls into the teens again (which I suspect it will as oil is still getting crushed). I am looking for about $45 on WTI crude before stepping back in with any real cash.

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    Paul Saad

    Senior Manager, Paul Saad and Associates, LLC

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